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6703 Vinevale Avenue

Bell, CA 90201

– beds
– baths
– sqft
~1/2 acre lot
1947 build
– on site

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An amazing 7-unit, multi-family property in Bell, with large units, five structures all spread out on a huge lot. The unit mix includes three 2 bedroom, 1 bathroom units as well as two 2 bedroom, 2 bathroom units and one 3 bedroom, 1 bathroom house single story built in 1947. There is also a brand new, 1 bedroom, 1 bathroom ADU. The 2 bedroom 2 bathroom plus laundry room which is the front house was built in 1936, while the other five units were constructed in 1990 (and the ADU is brand new). The complex features 2 two car garages, 3 one car garages and several surface parking spots. Owners have paid for 3 new roofs on the Townhome units within the last 2-2.5 years. Owners also purchased new laundry equipment which is about 12 months old and is included in purchase. Owners delivering near a 6% cap rate with another 2 units recently rented and renovated, so very profitable and financing is available with 40%- 50% down payment at 6.0% Fixed rate for 5 years with 30 year amortization. Three of the six original units have been completely modernized and owners delivering 2 more units ( mentioned above). Renovations include; new bathrooms & kitchens & counters with completely new paint light fixtures new vinyl plank floors, copper-plumbing, fixtures and HVAC. The new ADU is a standalone structure ( garage conversion) and has been completed and approved with certificate of occupancy from the city. ADU square footage does not yet show in public records. Unit square footages listed are averages only. Buyer must confirm all unit types, counts, and square footage dimensions.

Listed By CRMLS_CA / William Mulkey / TR Wealth Management Inc. / 310-919-7554

Last checked: Checking… • Last updated Oct 24, 2024 •

MLS# SB24181058 —

The Building

Year Built:

1947
Year Built Source:

Public Records
New Construction:

No
Construction Materials:

Stucco
Building Area Total:

7194.00
Building Area Units:

Square Feet
Total Number Of Units:

7
# of Buildings:

5
Roof:

Shingle
Stories Total:

2
Entry Level:

1
Accessibility Features:

Parking
Common Walls:

1 Common Wall, No One Above, No One Below
# of Separate Gas Meters:

8
# of Separate Electric Meters:

8

Interior

Features:

Quartz Counters, Recessed Lighting
Levels:

Two
Entry Location:

Street
Flooring:

Vinyl
Room Type:

Kitchen
Laundry:

Common Area
Laundry:

1

Financial & Terms

Disclosures:

Rent Control

Location

Directions:

710 Fwy exit Florence. Proceed west then north on Vinevale.
Latitude:

33.97455700
Longitude:

-118.18158500

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Property Condition:

Additions/Alterations, Updated/Remodeled
Zoning:

BLR3YY
Lot Features:

16-20 Units/Acre, Lot 10000-19999 Sqft
Lot Size Area:

16365.0000
Lot Size Acres:

0.3757
Lot Size SqFt:

16365.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5338.03
Tax Tract:

2658
Tax Lot:

12

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6326011013

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Curbs, Sidewalks, Suburban
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Paved, Garage, Garage - Two Door
Parking Spaces:

13.00
Garage Spaces:

10.00
Uncovered Spaces:

3.00

Extra Units

Average 2 Bed Area:

1096
Average 3 Bed Area:

1312
Average Studio Area:

400

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/23/24 Oct 23, 2024	Sold	CRMLS_CA	$2,435,000	-1.6%
9/24/24 Sep 24, 2024	Pending	CRMLS_CA	$2,475,000
8/31/24 Aug 31, 2024	Sold Subject To Contingencies	CRMLS_CA	$2,475,000

Multifamily Sold on 10/23/2024

$2,435,000

Listing provided by broker:

William Mulkey

TR Wealth Management Inc.

310-919-7554

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Listing Courtesy of: CRMLS_CA and TR Wealth Management Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 12:54 on Jan 11.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

6703 Vinevale Avenue

Bell, CA 90201